Updated Return - Original Updated Return Invalidated
This query is : Resolved
Quick Summary
10 May 2024
An Updated return has been filed for AY 2022 - 23 and the same has been Invalidated due to non payment of additional tax.
1. Can we submit a revised updated return again as the original Updated return was invalidated.
2. The assessee has not claimed TDS Deducted for the year, from salaries in the original return and has not submitted revised return. In rectification return, additional TDS claim is not being allowed and hence a demand for the tax payable has been raised. Can we claim such TDS (Not claimed in original return by mistake) in the Revised updated return.
1. Can we submit a revised updated return again as the original Updated return was invalidated.
2. The assessee has not claimed TDS Deducted for the year, from salaries in the original return and has not submitted revised return. In rectification return, additional TDS claim is not being allowed and hence a demand for the tax payable has been raised. Can we claim such TDS (Not claimed in original return by mistake) in the Revised updated return.
11 May 2024
As per law there is no concept of Revising any Updated return. When any return is Invalid in the system, you should be allowed to file it again within prescribed time limit. So, if the system allows it; file it as new.
Updated return can only be filed, if there is any additional tax liability; so even after the TDS claims, if there is any additional tax liability ( & no refund !!!), you can file UPDATED ITR.
Updated return can only be filed, if there is any additional tax liability; so even after the TDS claims, if there is any additional tax liability ( & no refund !!!), you can file UPDATED ITR.
07 September 2024
Good Luck.
Message likes :
1 times
10 September 2024
Thank You Very much Sir for your timely response. Sorry for the late reply. Thank you Very much.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Purchase of property from NRI
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- NRI get transferred fund from his own Indian account to his foreign US account without any approval
- GST APPLICABILITY TO DIAGNOSTIC
- How to pay tds on mhada property
- ITC claim on vehicle parts and repairing
- PAN from DIN
- Query Regarding Adjustment of Income Tax Refund Against Interest Liability
- GST APPLICABILITY ON DIAGNOSTIC UNIT
- ITR WITH 0 TURNOVER
- Value of Perquisite Sec.10 (10CC)
- Multiple GST under same PAN
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
